IRCTC Q2 Results showed a 4.47% growth in consolidated net profit, reaching ₹307.86 crore compared to ₹294.67 crore in the previous year. Revenue from operations increased by 7.2%, standing at ₹1,063.99 crore, up from ₹992.40 crore. Following these positive results, IRCTC declared an interim dividend of ₹4 per share, totaling 200% of the paid-up capital, or ₹320 crore.
The company also set November 14, 2024, as the record date for shareholders eligible to receive the interim dividend for FY 2024-25. IRCTC shares are expected to remain in focus due to these developments and strong Q2 financial performance.
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IRCTC’s basic earnings per share rose slightly to ₹3.85 from ₹3.68 in the September 2023 quarter, reinforcing its profitability growth. Additionally, IRCTC has appointed M/s SK Misra & Gujrati, Chartered Accountants, as the Internal Auditors for the fiscal year 2024-25, which signals an emphasis on robust financial oversight.
Recently, IRCTC faced an outage on its app and website, with over 200 reports from users on Downdetector. Many users encountered technical issues, with 66% experiencing website problems, 21% reporting app glitches, and 13% facing ticketing challenges.
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In response to user challenges, Indian Railways plans to introduce a ‘super app’ to unify services like booking tickets, buying platform passes, and tracking train schedules in one place. This all-encompassing app is expected to enhance user convenience and operational efficiency.
The Centre for Railway Information Systems (CRIS) is actively developing this application in collaboration with IRCTC’s current digital systems. This initiative reflects Indian Railways’ ongoing commitment to improving passenger experience and providing comprehensive digital solutions.
